QUESTIONS All Ans to 3 Decimal Places1Use the Naiive method to forecast for Feb -Aug 2021Calculate a 2-period moving average forecast2Calulate a weighted forecast with 0.55, 0.25, 0.2Calculate the Forecast with a smoothing constant à = 0.35 and the Forecast for FEB = 1982Calculate the MAD, MSE and the MAPE for the Exponential Smoothing Forecasts345 ABC DAll answers to 3 Decimal Places2020ActualJAN1000FEB899MARC1892APRIL 2225MAY2250JUNE 3251JULY 2750EF

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Answered: QUESTIONS All Ans to 3 Decimal Places…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Use the following data to determine the tracking signal for period 4. Actual Forecast 10 16 23 16 50 49 63 59 108 106 122 118 a. 1.333 b. 1.108 c. 0.742 d. 0.429
Marianne Schwartz, the owner of Handy Man Rentals, rents carpet cleaners to contractors and walk-in customers. She is interested in arriving at a forecast of rentals so that she can order the correct quantities of supplies that go with the cleaners. Data for the last 10 weeks are shown here. Part 2 Week 1 2 3 4 5 6 7 8 9 10 Rentals 23 22 25 23 22 11 21 34 19 13 Part 3 a. Prepare a forecast for weeks 6 through 10 by using a 4-week moving average LOADING... . (Enter your responses rounded to two decimal places.) Week Forecast 6 enter your response here Part 4 7 enter your response here Part 5 8 enter your response here Part 6 9 enter your response here Part 7 10 enter your response here Part 8 What is the…
Month Actual Forecast Jan 100 100 Feb 110 Mar 200 Apr 140 For the above data, calculate the exponential smoothed forecast for March. Use α = 0.8. A. 135 B. 117 C. 116 D. 108
Assume that your stock of sales merchandise is maintained based on the forecast demand. If the distributor's sales personnel call on the first day of each month, compute your forecast sales by each of the three methods requested here. June July August ACTUAL 144 184 210 a. Using a simple three-month moving average, what is the forecast for September? Note: Round your answer to 2 decimal places. Forecast for September b. Using a weighted moving average, what is the forecast for September with weights of 0.30, 0.40, and 0.30 for June, July, and August, respectively? Note: Do not round intermediate calculations. Round your answer to 2 decimal places. Forecast for September
Please answer all three subparts with explanation. I will really really upvote. Thanks
Part C Exponential Exponential Gasoline Demand Gasoline Month smoothed forecast smoothed forecast Exponential smoothed forecast (a = 0.25) Demand (a = 0.25) (a = 0.45) Exponential smoothed forecast (a = 0.45) Mar 900 920 920 1200 Apr May 755 915.00 911.00 1100 1000 650 875.00 840.80 g20 915.00 846 80 755 818.75 754.94 904.76 835.12 Jun 550 818.75 754.94 800 320 751.56 66272 645.74 746.83 Jul 625 751.56 662.72 650 600 550 Aug Sep 730 719.92 645.74 820 722.44 683.66 400 D Oct 1100 746.83 745.01 200 1 Nov 835.12 904.76 Mar Apr May Jun Jul Aug Sep Oct Nov 1. Make a comparative analysis out of your answers in the plotted data. (3-5 5 sentences)
24,000-seat arena that is home to the city’s professional basketball and ice hockey teams and that hosts a variety of concerts, trade shows, and conventions throughout the year. The hotel has experienced the following occupancy rates for the past 9 years, since the coliseum opened. Compute an exponentially smoothed forecast with an α value of .20. According to the result from Excel and/or POM-QM, the forecast for the year 5 would be (type number only, two decimals) 1 83 2 78 3 75 4 81 5 86 6 85 7 89 8 90 9 86
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Passenger miles flown on Northeast Airlines, a commuter firm serving the Boston hub, are shown for the past 12 weeks: 2 3 21 19 Week 1 Actual Passenger Miles (in thousands) 17 Week Forecasted Passenger Miles (in thousands) a) Assuming an initial forecast for week 1 of 17,000 miles, use exponential smoothing to compute miles for weeks 2 through 12. Use α = 0.2 (round your responses to two decimal places). 10 11 4 5 6 7 8 9 23 18 16 20 18 22 20 15 2 1 3 4 6 7 17.00 17.00 17.80 18.04 19.03 18.83 18.26 5 8 18.61 9 18.49 19.19 10 12 22 11 12
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2. The AirGo is the largest publicly listed low budget airlines company. On the negative side for the company, which spent billions of dollars in development costs, is the consistently negative cash flow due to poor prediction of its passengers. Question: Airlines company approaches you to suggest possible methods for an effective Forecast and it's Monitoring & Controlling. Help the airlines for the better prediction of its passengers.
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QUESTIONS All Ans to 3 Decimal Places Use the Naiive method to forecast for Feb -Aug 2021 2 Calculate a 2-period moving average forecast 3 Calulate a weighted forecast with 0.55, 0.25, 0.2